This ordinance seeks to rezone approximately 12.51 acres of land at 4216, 4200, and 4172 University Blvd S from an existing Planned Unit Development (PUD) to a new PUD, known as "University Blvd PUD". The project aims to facilitate a comprehensive commercial and mixed-use development, incorporating townhouses, apartments, and general commercial uses. The proposed development includes a maximum of 250 dwelling units and 10,000 square feet of commercial space. The applicant, The Vestcor Companies Inc., is revising the previous PUD established in 2004 to allow for a more diverse and dense project. This initiative will expand housing options and introduce new commercial opportunities to the area.